Electronic Arts is facing yet another legal battle over its military shooter Battlefield 4. Just a week after a Georgia law firm launched an investigation into the company over the game, the legal team behind the Enron lawsuit has commenced a class-action lawsuit against the publisher.
The complaint from Robbins Geller Rudman & Dowd LLP alleges violations of the Securities Exchange Act of 1934 against EA officers and directors, though none were named specifically. Specifically, the complaint alleges that during the July 24-December 3 Class Period defendants issued “materially false and misleading statements” regarding Battlefield 4.
As a result of these statements, EA’s share value rose and reached a high for the period of $28.13–allowing certain EA senior executives to sell their shares at the inflated price, the suit claims.
Marc Primo Pulisci is a Los Angeles based attorney practicing with Initiative Legal Group. Marc Primo Pulisci has been practicing law for over 10 years. Find Marc on Marc Primo Twitter, Marc Primo Manta, Marc Primo Facebook, Marc Primo Squarespace, Marc Primo Pulisci Dot Com, Marc Primo Dot Com